Time chartering masterclass

Course price

Course programme

MASTERCLASS OVERVIEW

The course looks at the complex business of time chartering, where shipowners give the charterers substantial control over the commercial operation of the vessel in exchange for the regular payment of hire.

Time chartering is a complex business. The shipowners give the time charterers substantial control over the commercial operation of the vessel in exchange for the regular payment of hire.
Under time charter, shipowners rely heavily on the financial standing of the charterers both in relation to the payment of hire and in relation to the indemnity, which the charterers have promised should the shipowners suffer any costs, damage, losses or liability as a result of carrying out the charterers’ orders. Similarly, the charterers rely heavily on the shipowners’ ability to provide them with the agreed service throughout the charter period as they will be entering into sub-contracts with third parties in reliance on such ability.

The aim of this course is to highlight the various problem areas and to consider ways in which parties attempt to allocate risk and so provide you with a balanced understanding of the relevant legal principles and practice.

The course will cover the following key topics:

The inter-relationship between contracts

Time charter duration

Payment of hire

Off-hire clauses

Performance claims

The charterers’ duties

The shipowners’ duties

Frustration of time charter parties

The paramount clauses

Liens

Letters of indemnity, and
Case studies.

To learn more about the topics covered click on the course programme above.

Richard Williams

Baris Soyer

Organiser

Peter Storm

Venue

The fee includes coffee breaks, lunch and course materials, but not transport or accommodation, which should be arranged by the participant directly with the hotel.

Radisson Blu Hotel, Bremen has offered a special rate of EUR121.00/night for a single room including breakfast for BIMCO course participants. If you wish to make a booking, please email (reservations.bremen@radissonblu.com) or call +49 421 36 96 682 and mention you're attending the BIMCO course. Please settle your payment directly with the hotel.